Section - 201, Companies Act, 2013 Forms of, and procedure in relation to, certain applications. 201. (1) Every application made to the Central Government under shall be in such form as may be prescribed. (2) (a) Before any application is made by a company to the Central Government under , there shall be issued by or…...
Central Government or company to fix limit with regard to remuneration. Section – 200, Companies Act, 2013
Section - 200, Companies Act, 2013 Central Government or company to fix limit with regard to remuneration. 200. Notwithstanding anything contained in this Chapter, a company may, while according its approval under section 196, to any appointment or to any remuneration under section 197 in respect of cases where the company has inadequate or no profits, fix…...
Calculation of profits. Section – 198, Companies Act, 2013
Section - 198, Companies Act, 2013 Calculation of profits. 198. (1) In computing the net profits of a company in any financial year for the purpose of section 197,— (a) credit shall be given for the sums specified in sub-section (2), and credit shall not be given for those specified in sub-section (3); and (b) the…...
Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. Section – 197, Companies Act, 2013
Section - 197, Companies Act, 2013 Overall maximum managerial remuneration and managerial remuneration in case of absence or inadequacy of profits. 197. (1) The total managerial remuneration payable by a public company, to its directors, including managing director and whole-time director, and its manager in respect of any financial year shall not exceed eleven per cent…...
Appointment of managing director, whole-time director or manager. Section – 196, Companies Act, 2013
Section - 196, Companies Act, 2013 CHAPTER XIII APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL Appointment of managing director, whole-time director or manager. 196. (1) No company shall appoint or employ at the same time a managing director and a manager. (2) No company shall appoint or re-appoint any person as its managing director, whole-time director or…...
Contract by One Person Company. Section – 193, Companies Act, 2013
Section - 193, Companies Act, 2013 Contract by One Person Company. 193. (1) Where One Person Company limited by shares or by guarantee enters into a contract with the sole member of the company who is also the director of the company, the company shall, unless the contract is in writing, ensure that the terms of…...
Restriction on non-cash transactions involving directors. Section – 192, Companies Act, 2013
Section - 192, Companies Act, 2013 Restriction on non-cash transactions involving directors. 192. (1) No company shall enter into an arrangement by which— (a) a director of the company or its holding, subsidiary or associate company or a person connected with him acquires or is to acquire assets for consideration other than cash, from the company;…...
Contract of employment with managing or whole-time directors. Section – 190, Companies Act, 2013
Section - 190, Companies Act, 2013 Contract of employment with managing or whole-time directors. 190. (1) Every company shall keep at its registered office,— (a) where a contract of service with a managing or whole-time director is in writing, a copy of the contract; or (b) where such a contract is not in writing, a written…...
Register of contracts or arrangements in which directors are interested . Section – 189, Companies Act, 2013
Section - 189, Companies Act, 2013 Register of contracts or arrangements in which directors are interested . 189. (1) Every company shall keep one or more registers giving separately the particulars of all contracts or arrangements to which sub-section (2) of or applies, in such manner and containing such particulars as may be prescribed and after entering the…...
Related party transactions. Section – 188, Companies Act, 2013
Section - 188, Companies Act, 2013 Related party transactions. 188. (1) Except with the consent of the Board of Directors given by a resolution at a meeting of the Board and subject to such conditions as may be prescribed, no company shall enter into any contract or arrangement with a related party with respect to— (a) sale,…...